Risk Management

Mitigating the Risk of Unexpected Events

A sound risk management strategy provides doctors with the peace of mind to focus on patient care, confident in the knowledge that the most suitable mechanisms have been put in place to secure future practice income in the case of unexpected events. Risk management makes strategic use of insurance as a vital component of a truly integrated financial plan, which also maximizes your insurance purchasing power.

Greenbook employs an unbiased approach to evaluating insurance options and providers, seeking to identify the appropriate solutions for your unique personal, practice and investment needs. Greenbook offers whole and universal life, disability and long-term care insurance. To mitigate the risk of outliving your retirement accumulation, we also make available fixed-rate annuities and bond or equity-indexed annuities that are backed by the full faith and credit of the insurance company.

The Right Plan, the Right Way

Multitudes of insurance companies and specialists can offer you a menu of plans that cover the spectrum of insurance options. What sets Greenbook apart is our experience serving doctors, allowing us to recommend the appropriate coverage and supplemental programs for your age group and specialty. Best of all, our expertise will help guide the purchase of policies that:

  • can be funded with pre-tax dollars - making the most of your earnings
  • offer the benefit of return of premium - giving you cash back or the opportunity to re-invest (pay future premiums)
  • earn incremental income toward your retirement - moving you closer to financial independence

While the majority of plan contributions must be used to generate retirement income, qualified retirement plans may also use a portion of deductible contributions for the purchase of life insurance subject to the limitations of Revenue Ruling 74-307. All of these options are explored within the Greenbook planning process to accomplish your specific goals. We presently maintain relationships with several national insurers and are consistently reviewing the merits of other providers to ensure Greenbook continues to meet the needs of its doctor clients as situations change.

Securing the Future

As a doctor, you represent the lifeblood of your practice in many ways. You are the healer to patients…the mentor to associates and students…and equally as important, you are a primary provider, and sometimes the only source, of income.

The inability to perform puts your practice and your financial future in jeopardy. Greenbook believes that a carefully architected risk management plan can help protect the value of your business and family members in the event of untimely, pre-retirement disability or death.